urgent need in india culture

1. BIMA JYOTI – PLAN NO.860

2. BIMA JYOTI PLAN NO.860
BIMA JYOTI PLAN is a Non-Linked, Non-Participating, individual,
Limited premium payment PLAN.
It offers Guaranteed RETURNS @ Rs.50/1000 SA/YEAR
The only Guaranteed plan available for Children education or marriage
5 Riders can be taken under this plan
Available up to age 60 years.

3. Policy conditions
Minimum & Maximum Age 90 days to 60 years nbd
Minimum & Maximum maturity 18 years to 75 years
Policy term 15 to 20 years
Premium paying term policy term minus 5 years
20/15,19/14,18/13,17/12,16/11,15/1
0
Min.SA & max. SA Rs. 1 lac to UNLIMITED
Commencement of Risk If less than 8 years the risk will
commence either 2 years from the date
of commencement of the policy or
attainment of 8 years whichever is
earlier

4. MATURITY & DEATH BENEFIT
ON MATURITY ON DEATH
SUM ASSURED+ Guaranteed
Returns@Rs.50/1000/year
(a)Death before commencement
of Risk-Return of Premiums
(b)Death after commencement of
Risk—125% of SA or 7 times
annualized premiums and
should not be less than 105%
of all premiums paid upto
death

5. Optional Riders Available
1. LIC’s Accidental Death &
Disability Benefit Rider or
LIC’S Accident Benefit
Rider
2. LIC’s New Term
Assurance Rider
3. LIC’s New Critical
Illness Rider
4. LIC’s Premium
Waiver Benefit Rider

6. Other features
 Settlement options under Maturity available for 5,10 and 15 years
 For paid up policies also settlement options available upon maturity
 Option to take Death Benefit in instalments for 5,10 and 15 years
 Commission to agents
 Dos credit: 10-14 yrs --- 60%
15 & above --- 100%
PPT 1st Year 2nd & 3rd Year 4 to 1 year
before PPT
Final Year
10 - 40 Years 25% 7.5% 5% 7.5%
15 Years 30% 7.5% 5% 7.5%

7. Some examples
Ideal for Kids. The combination of terms from 15 years to
20 years can be used to create cash flows to support
education and marriage expense of children.
Long term Recurring deposit with guaranteed maturity
amount: For a 90 day old child the parent by paying
Rs.6492/- per month for 15 years get a guaranteed
maturity amount of Rs.20 lac at the age of 20.
Ideal for Business men and NRI’s and others who require
shorter premium paying term and guaranteed maturity to
plan their cash flows in these times of uncertain interest
rates
 For HNI’s in higher tax bracket, guaranteed tax free
maturity is a boon
Sum Assured for
each policy 1000000 Age of Child : 3 years
Policy
term
Premium
paying term
Yearly
outgo
w/o GST
Cash flow at
age
Guaranteed
Maturity
15 10 112139 18 1750000
16 11 101996 19 1800000
17 12 93617 20 1850000
18 13 86610 21 1900000
19 14 80485 22 1950000
20 15 76222 23 2000000
Total yearly Outgo 551069 Doctor Plan

8. Text Here
Text here…
Age 40 Years SA: 10 lac Age 40 Years SA: 10 lac
Jeevan Labh Bima Jyoti
16(10) 15(10)
Yearly 83564 Yearly 115667
FC+Bc=28% 23398 FC+Bc=25% 28917
Ren Comm =7.5% 6267 Ren Comm =7.5% 8675
Ren Comm =7.5% 6267 Ren Comm =7.5% 8675
Ren Comm =5% 4178 Ren Comm =5% 5783
Ren Comm =5% 4178 Ren Comm =5% 5783
Ren Comm =5% 4178 Ren Comm =5% 5783
Ren Comm =5% 4178 Ren Comm =5% 5783
Ren Comm =5% 4178 Ren Comm =5% 5783
Ren Comm =5% 4178 Ren Comm =5% 5783
Ren Comm =5% 4178 Ren Comm =7.5% 8675
Total Commission 148744 Total Commission 205309
Appox Maturity Rs.16.65 lac Guaranteed Maturity Rs.17.50 lac
COMPARISON OF AGENCY COMMISSION

9. USPs of BIMA Jyoti
Can be given up to 60 years
Ideal child policy due to Guaranteed additions
Risk cover is 125% of SA
Both Death & maturity settlement options available

10. 4 optional riders are available
Only Guaranteed plan available to be positioned for children
Early closing of premium payment due to limited payment
By planning this policy in packages the customer can be rest assured of
Guaranteed payments for the purpose for which he has taken the policies
Bima Jyoti is poor man’s JEEVAN SHIRONMANI
USPs of BIMA Jyoti - Contd

11. If not you,
who else?